[XZC/BTC] ZCOIN ON THE MOVE

21 de fev. de 2020

#XZC / BTC ( Bittrex , Binance ) ( MID-TERM )

Buy Range : 0.00060-63
Stop Loss : Daily close below candle 0.00054

Target 1 : 0.00098
Target 2 : 0.00128
Target 3 : 0.00161

This is a Mid-Long Term signal. Lets see different timeframes charts

https://imgur.com/9Uq9MaX

Monthly

- Good Big green January candlestick followed by a correction which is trying to hold MA8.
- Stoch RSI broken the and moved higher while CCI is on negative territory but turning fasting.
- In order to avoid a false breakout like March 19. Price action need to hold my SL levels before do another push.
- RSI moved but need to make a higher high to confirm trend reversal.
- MACD turned into green territory and crossed.
- If you like TD sequential, you have a red 9 nine which preceed bullish reversal.

https://imgur.com/qyaP8am

Weekly

- Price correction trying to find support on EMA20. Not bullish right now
- Indicators pointing down at this timeframe, only MACD is rising but im expecting a bullish extension if price is able to turn.
- Price action need to find some support on MA20

https://imgur.com/mePG5mN

Daily

- CMF reveals a bullish trend reversal
- RSI is not oversold but still going down / MACD still bearish and others indicators doesn't moving at all.
- Some bearish/sideways price action could be expected for very short-term
- Price action trying to hold MA50 and 0.618 fib without much strenght behind. Its likely possible test MA200.

https://imgur.com/IUH5L9g

BTC.D
Bitcoin Dominance its on a bearish retest. If is not able to recover the levels above MA50 ( weekly ) or EMA20 ( Daily ). Im expecting more upside for altcoins.

In Conclusion

XZC/BTC is sitting on a very interesant zones to buy "the dip" after a good run. If price is able to hold in our range, then, im expecting x2-x3 in the following months.
However, I highly suggest watch price action and close any trades if we got any weekly/daily candle closing below your moving averages.